An Undervalued Sector Adored by Warren Buffett

By Jody Chudley For months, I’ve been pounding the table about why American banks are the best value in the stock market…
Why the banks are a “no-brainer” for today’s investors…
And why even their challenges prove their value.
And now it looks like the Oracle of Omaha agrees.
After doing very little through the COVID-19 crisis, Warren Buffett is finally buying a stock…
Buffett’s Berkshire Hathaway (NYSE: BRK-B) just revealed that it purchased 34 million shares of Bank of America (NYSE: BAC) at an average price of $24.
That equates to an $816 million investment, which is a decent chunk of change even for Buffett.
So investors should ask …read more

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